Stock Name: AFG
Company Name: ALLIANCE FINANCIAL GROUP BHD
Affin Investment Bank downgraded Alliance Financial Group to 'reduce' from 'add', saying the stock's recent gains have hurt its valuations.
The investment bank left its target price for the stock unchanged at RM4.78 per share, adding that the group's prospects remain intact.
Alliance Financial shares were trading up 0.6 per cent at RM5, while the benchmark composite index was up 0.33 per cent at 1793.44.-- Reuters
Company Name: ALLIANCE FINANCIAL GROUP BHD
| Research House: AFFIN | Price Call: SELL | Target Price: 4.78 |
Affin Investment Bank downgraded Alliance Financial Group to 'reduce' from 'add', saying the stock's recent gains have hurt its valuations.
The investment bank left its target price for the stock unchanged at RM4.78 per share, adding that the group's prospects remain intact.
Alliance Financial shares were trading up 0.6 per cent at RM5, while the benchmark composite index was up 0.33 per cent at 1793.44.-- Reuters
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